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Ichimoku Cloud Analysis 04.05.2021 (BRENT, AUDNZD, NZDUSD)

BRENT

Brent is trading at 67.39; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 65.95 and then resume moving upwards to reach 72.45. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 64.35. In this case, the pair may continue falling towards 60.65.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDNZD, “Australian Dollar vs New Zealand Dollar”

AUDNZD is trading at 1.0802; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0770 and then resume moving upwards to reach 1.0895. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.0705. In this case, the pair may continue falling towards 1.0605.

AUDNZD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7170; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7205 and then resume moving downwards to reach 0.6995. Another signal in favor of a further downtrend will be a rebound from the rising channel’s downside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.7265. In this case, the pair may continue growing towards 0.7355. To confirm further decline, the asset must break the support level and fix below 0.7120 to complete the Head & Shoulders reversal pattern.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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